Property profile

2920 Rivermont Ave Lynchburg, VA 24503

OFF-MARKET
Turn key restaurants
Property ID
US87-1724493
3,440 SF 0.15 ac lot Built 1928
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1928
Construction FRAME
Total area 3,440 SF
Lot 0.15 ac (6,591 SF)
Zoning code R4
APN 040 02 018
UPID US87-1724493

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant

Location

2920 Rivermont Ave Lynchburg, VA 24503-1408
Lynchburg metro Census 100 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

Zoning & alternative use

R4 · Lynchburg, VA
Zoning description

The R-4 district is intended to provide for residential and other compatible uses at high densities in locations with adequate infrastructure and proximity to necessary services and employment

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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